Tokio Marine Asset Management Co. Ltd. Purchases 1,027 Shares of Fair Isaac Corporation $FICO

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Fair Isaac Corporation (NYSE:FICO) by 111.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,947 shares of the technology company’s stock after purchasing an additional 1,027 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Fair Isaac were worth $2,914,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. acquired a new stake in Fair Isaac in the 2nd quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank bought a new stake in Fair Isaac in the 2nd quarter valued at $27,000. Ransom Advisory Ltd acquired a new stake in Fair Isaac in the 3rd quarter worth $30,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Fair Isaac by 66.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FICO. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. BMO Capital Markets decreased their price objective on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird boosted their price target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, UBS Group raised their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,076.77.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,630.53 on Tuesday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The business has a fifty day moving average of $1,735.46 and a two-hundred day moving average of $1,620.17. The stock has a market cap of $38.66 billion, a PE ratio of 61.41, a PEG ratio of 1.81 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, topping the consensus estimate of $7.36 by $0.38. The business had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.54 EPS. Analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the sale, the chief financial officer directly owned 2,804 shares in the company, valued at $5,075,240. This represents a 33.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,347 shares of company stock valued at $7,691,229 in the last three months. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.